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Palatial $58.5M Brentwood estate spans 5 acres, has sunken tennis court

This Westside listing will make even seasoned Los Angeles luxury buyers sit up. Located at 12833 Chalon Rd, this $58.5 million Brentwood estate sits on its own five-acre promontory in the ultra-private Brentwood Country Estates, one of L.A.’s most exclusive guard-gated communities. With just 13 homes and 24/7 security, it combines the privacy of a secluded retreat with easy access to the city’s best...

U.S. New-Home Sales Surge in August as Mortgage Rates Ease

U.S. new-home sales posted an unexpectedly sharp gain in August 2025, helped by a dip in borrowing costs that lured buyers back into the market. Purchases of newly built single-family homes jumped 20.5% from July to an annualized pace of 800,000, the fastest since early 2023, according to government data released Tuesday. That figure followed an upward revision to July sales and marked a 15.4% increase...

loanDepot challenges class-action suit tied to LO comp rules, steering

loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.” The lawsuit, filed in July by five borrowers who obtained mortgages from 2019 to 2021, claims loanDepot engaged in a “sophisticated, years-long scheme” to falsify...

Compass-Anywhere deal sparks MLS reckoning

For many in the multiple listing services (MLS) industry, Monday’s announcement that Compass was acquiring Anywhere served as a wake-up call of sorts.  Over the past year, Compass has worked to grow its stockpile of exclusive listings, but many did not consider the Robert Reffkin-helmed firm a serious threat to the MLS structure, due to the size of his firm. That all changed with Monday’s...

New home sales shocked, but are these numbers legit?

Today’s report on new home sales printed one of the most surprising results I’ve seen in a while, showcasing significant growth. Now, we should have expected some growth in new home sales, given that mortgage rates have declined recently. In fact, each time mortgage rates have approached 6% since late 2022, new home sales have seen an uptick. This was a topic I discussed on CNBC on Wednesday. But we...

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